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1, 2, 3 – SLUMP!

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It’s official, not that I haven’t known it for some time anyway, but the ESRI have finally sent chills down the spine of every estate agent and recent property investor in Ireland. C’mon lads we’ve been telling you for ages! Yes, houses in Ireland are massively overvalued, yes supply will now ease off to try and help the market recover, yes this will have a knock-on effect on the economy with a big drop in the demand for construction workers. Still want your fancy high street retail store? I’ve been telling you for ages that it’s diverse jobs that you want not shopping! Semper stultus! source: Irish Times

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